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Discussion Questions: 1. How do you explain the difference between Cash Flows and Accounting Profits. 2. In Finance, we focus on Cash Flow and not

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Discussion Questions: 1. How do you explain the difference between Cash Flows and Accounting Profits. 2. In Finance, we focus on Cash Flow and not Accounting Profits. Explain why. 3. Money Has a Time Value. What do you think is the most important factor for the time value of money? 4. What is an efficient market? 5. How could a company mitigate the risks of Agency problems

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